CnEVPost Newsletter: NIO's William Li says second sedan will be launched in the future, more competitive than Tesla Model 3

NIO's William Li says second sedan will be launched in the future, more competitive than Tesla Model 3 - CnEVPost — cnevpost.com After the NIO ET7, NIO will "definitely" launch a second sedan that will be more competitive than the current Tesla Model 3, said William Li.

NIO's William Li says reaching 500 battery swap stations this year is conservative goal - CnEVPost NIO also expects to release new initiatives for charging station service facilities, laying the groundwork for rapid growth in its user base, he said.

Industrial park jointly built by NIO and Hefei to start construction on April 29 - CnEVPost It's a world-class industrial park that involves research and development, manufacturing, lifestyle services, and automotive culture, Li said.

XPeng to build new plant in central China's Wuhan with annual capacity of 100,000 units - CnEVPost The new production site, with an annual capacity of 100,000 units, is planned to cover more than 733,000 square meters and will include production and powertrain plants as well as research and development facilities.

BYD unveils four electric car models, all with blade batteries - CnEVPost Wang Chuanfu, BYD's founder and chairman of the board, said the company's electric vehicle models will all use blade batteries, and all batteries will be tested with pinpricks.

BYD Han's March sales reach 10,323 units, up 105% from February - CnEVPost It's worth noting that BYD Han includes the all-electric Han EV as well as the hybrid Han DM, and the sales figures include both models.

SAIC says it is taking steps to reduce impact of chip shortage - CnEVPost Although the chip shortage will continue for some time, SAIC has the advantage of a strong industry chain system and will work with the industry to overcome the difficulties, the company said.

GAC forms task force to explore alternatives to key chips - CnEVPost GAC held a meeting with chip suppliers in January and ordered chips for the year according to its annual demand plan, it said.

GAC expected to unveil battery technology with range of up to 1,000km on Friday - CnEVPost GAC announced Wednesday that it will showcase its super-fast-charging battery technology as well as its silicon cathode battery technology at the annual GAC TECH DAY event on April 9.

China's March auto sales forecast at 2.38 million units, up 64% from February - CnEVPost China's January-March auto sales are estimated at 6.34 million units, up 72.8 percent from a year earlier.